As the cost of living continues to rise, it can be a struggle for many military families to make ends meet and dream about the future simultaneously. Although the landscape and economy have changed, you can be savvy about navigating money between saving, spending, and investing. Here are three books about financial security you need to put on your to-read list.
The Total Money Makeover by Dave Ramsey
Dave Ramsey is known worldwide as a radio show host, and for his Financial Peace University Classes. His book takes a deep dive into debt management and the Snowball Method. The Snowball accumulates by paying down your smallest debts first, and once it’s paid off, rolling that payment amount over to the next smallest debt and repeating until you finish. He also tackles ten money myths you may believe and gives you tactical steps to make a difference in how you look at and use money.
The Latte Factor by David Bach and John David Mann
This book was an Instant New York Times, Wall Street Journal, and International Best Seller for a reason. It’s a small book but highly accessible. Told through stories, you’ll find yourself within the pages and coming up with ideas for applying the themes to your own life. Despite the title, the book is not about lattes or coffee but about how little bits of money add up. When you can put that money to good use, you may be surprised at what you earn in the long game.
MONEY Master the Game by Tony Robbins
This book is excellent if you have a basic working knowledge of the financial language, although he does a good job explaining how things work throughout the book. Tony Robbins created a simple 7-step blueprint to help you find financial freedom in a way that feels true to you, not just what others say you should have. He interviewed 50 different financial experts and wove their wisdom into the pages. All of the profits of this book go to Feeding America.
Deciding to take a hard look at your finances may seem scary, but it is worth it in the long run. Reach out to Armed Forces Bank to discover your options and talk to a representative about the next steps you can take, whether for a mortgage, savings, or investing, so you can live the life you desire. Please share this article, tag us, and add your financial security book recommendations!
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Aj Smit is the author of the book Red Thread: Weaving an Embodied Life of Joy, speaker, glitter enthusiast, and professional weaver of Joy. She is a military spouse in S. Korea with a pup and houseplants galore. Aj has led various Red Tents, retreats, and workshops internationally over the last ten years to help others discover how to weave creativity and curiosity into their lives. You can find her on Facebook and Instagram at @TheJoyWeaver and TheJoyWeaver.com